1508 Cormorant Road, Delray Beach, FL, 33444 | $1,200,000

Welcome to an exceptional waterfront property in Delray Beach's desirable Tropic Palms community-offering no HOA restrictions and incredible flexibility for full-time residents, seasonal owners, vacation use, or income-producing rental potential. Perfectly positioned on the wide and scenic C-15 Canal, this home delivers expansive water views, peaceful surroundings, and direct access for kayaking, boating, and fishing-creating a true South Florida lifestyle experience without the congestion of ocean-access canals. This beautifully updated 3-bedroom, 2-bath residence with interior laundry room features a bright, open-concept layout with soaring ceilings and expansive windows that flood the home with natural light while showcasing tranquil waterfront views. High-end finishes include porcelain tile flooring throughout, quartzite countertops, and upgraded kitchen and baths designed with both style and durability in mind. One of the home's most standout features is the rooftop balcony, offering a rare elevated setting to enjoy panoramic water views, coastal breezes, and spectacular sunrise and sunset skies-an ideal space for relaxing or entertaining. Step outside to an expansive backyard retreat, thoughtfully designed for entertaining and leisure, featuring a private dock, brand-new seawall, pool, pergola, BBQ area, and fenced yard-perfect for hosting guests or creating your own private oasis. The property also boasts an extra-wide driveway with room for multiple vehicles, a boat, or RV, along with an oversized garage-an uncommon and highly desirable feature for waterfront homes. Additional upgrades include: Brand-new flat roof (2026, permitted) New seawall (2024, permitted) White vinyl fence (2024, permitted) Trane HVAC (2020) Impact windows and doors Generator hookup Washer & dryer (2024), Air-conditioned laundry room (2024). Ideally located within a rapidly improving corridor between Linton Blvd and Atlantic Ave, this home benefits from ongoing city and FDOT enhancements including wider sidewalks, improved pedestrian and bike access, and enhanced connectivity. Once complete, homeowners can walk or bike directly to Linton Boulevard, with easy access to Whole Foods, Target, Home Depot, HomeGoods, and local favorites like First Watch, BurgerFi, and Chipotle. Whether you're seeking a primary residence, second home, vacation getaway, or a high-demand seasonal or Airbnb rental, this property offers exceptional versatility and long-term value. Properties with this combination of no HOA, wide water views, rooftop living space, and strong rental potential in this price point are very rare in Delray Beach.

Features

  • Rooms: 10
  • Bedrooms: 3
  • Baths: 2 full
  • Lot Size: .22
  • Laundry: Inside
  • Style: Ranch, Traditional
  • Development: Tropic Palms
  • Year Built: 1978
  • Garage: 2-car Attached
  • Heating: Central
  • Cooling: Central Air, Ceiling Fan(s)
  • Approx Sq. Feet: 2,083
  • Acreage: 0.22
  • Lot Size: .22
  • Est. Taxes: $8,436
  • Lot Desc: Landscaped
  • View: Garden, Pool, Water, Canal, Lake
  • Water Front: Yes
  • Pool: In Ground
  • Pet Policy: Yes, No Restrictions
  • Appliances: Electric Water Heater, Dryer, Dishwasher, Electric Range, Ice Maker, Microwave, Refrigerator, Water Heater, Washer, Range
  • MLS#: B26003657
  • Website: https://www.raveis.com
    /eprop/B26003657/1508cormorantroad_delraybeach_fl?source=qrflyer
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Listing courtesy of Compass Florida LLC

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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Our Insurance Division:

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1508 Cormorant Road, Delray Beach, FL, 33444

$1,200,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $960,000 $960,000 $960,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.875% 6.125% 6.000%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.289% 6.235% 6.183%
Monthly Tax Payment $703 $703 $703
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $5,679 $5,833 $8,101
Total Monthly Payment $6,507 $6,661 $8,929

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.